Colorado § 31-21-401 - Power to levy - manner paid.
Full text of Colorado Colorado Revised Statutes § 31-21-401 — Power to levy - manner paid., with citation guidance and answers to common questions.
§ 31-21-401. Power to levy - manner paid.
On the petition of a majority of the registered electors of any city or town having an outstanding bonded indebtedness amounting to one-fourth or more of its valuation for assessment, the governing body of such city or town is authorized to levy or cause to be levied at one time a tax on all the taxable property subject to taxes for payment of such bonds sufficient to discharge the entire principal of and the accrued interest on such indebtedness plus fifteen percent for delinquencies, which tax may be paid by the property owners at one time or in installments, as provided in this part 4. In determining the amount of outstanding bonded indebtedness, any sum in the sinking fund may be deducted.
Source: L. 75: Entire title R&RE, p. 1142, § 1, effective July 1. L. 87: Entire section amended, p. 332, § 96, effective July 1.
Editor's note: This section is similar to former § 31-21-401 as it existed prior to 1975.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-21-401
What does Colorado Revised Statutes § 31-21-401 cover?
Section 31-21-401 ("Power to levy - manner paid.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 31-21-401?
A common citation format is "Colorado Revised Statutes § 31-21-401" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 31-21-401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.